I don't think it matters where the tax for a conversion is paid from. If I could pay the tax without a penalty out of my traditional IRA balance, I would convert 100+k this year and next. At the end of the day all that matters are the final balances. Would you be better off having 100k pretax, or 70k roth? That's all that matters.
@@YourMoneyYourWealth wow, I feel honored my comment was addressed. I agree with them it is more complicated. In my specific situation I am pretty confident I would be better off with the 70k Roth, I know that is not always the case. I was just saying that I think the final balance analysis is far, far more important than where the taxes are paid from. Thanks again!
K cup stands for a Keurig individual coffee pod.
Yep, I wasn't coming up with "Keurig" when I was trying to explain! (Not a coffee drinker.) Thanks Keith! - Andi
I don't think it matters where the tax for a conversion is paid from. If I could pay the tax without a penalty out of my traditional IRA balance, I would convert 100+k this year and next. At the end of the day all that matters are the final balances. Would you be better off having 100k pretax, or 70k roth? That's all that matters.
Thanks for sharing your perspective Jim. This comes up on YMYW frequently, and I think Joe could argue this topic all day!
Jim, Joe and Big Al addressed your comment here:
ua-cam.com/video/-AsWsBhhHI0/v-deo.html
I hope this is helpful!
@@YourMoneyYourWealth wow, I feel honored my comment was addressed. I agree with them it is more complicated. In my specific situation I am pretty confident I would be better off with the 70k Roth, I know that is not always the case. I was just saying that I think the final balance analysis is far, far more important than where the taxes are paid from. Thanks again!
Let's gooo